• Apr 22, 2025

Fed's Kugler, citing inflation risks, supports steady policy rate

Kugler said she is carefully watching how the Trump administration's trade, immigration, fiscal policy and regulatory changes impact inflation and the labor market, but the "significantly larger" than expected tariffs clearly had her attention. "I am also monitoring any risks to the outlook, especially upside risks on inflation or downside risks to employment," Kugler said in remarks prepared for delivery to the Heller-Hurwicz Economics Institute at the University of Minnesota. Fed policy is "well positioned" to respond to changes in the economy, she said.

  • Apr 22, 2025

Trump says he has 'no intention' of firing Federal Reserve chair

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. “I have no intention of firing him,” Trump told reporters. The U.S. president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to short-term interest rates.

  • Apr 22, 2025

Trump steps down from threat to fire Fed's Powell, market jumps

WASHINGTON (Reuters) -President Donald Trump on Tuesday appeared to take threats to fire Federal Reserve Chair Jerome Powell off the table after days of intensifying criticisms of the central bank chief over not cutting interest rates. "I have no intention of firing him," Trump told reporters in the Oval Office on Tuesday. "I would like to see him be a little more active in terms of his idea to lower interest rates," he added.

  • Apr 22, 2025

CEOs Haven't Been This Gloomy About the US Economy Since the Financial Crisis

(Bloomberg) -- Not since the financial crisis has Corporate America been so downbeat about the state of the economy in earnings calls, an ominous sign for investors trying to figure out how much more pain Donald Trump’s trade war will inflict on the stock market.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyThe ratio of positive to negative commen

  • Apr 22, 2025

Trading Day: Stocks rebound, no new Powell-bashing or trade tirades from Trump

Making sense of the forces driving global markets Jamie is away today so I'll provide a round-up of today's main market moves below. I'd love to hear from you, so please reach out to me with comments at alden.bentley@thomsonreuters.com. If you have more time to read today, here are a few articles I recommend to help you make sense of what happened in markets.